JaguarMicro

Company Profile

JaguarMicro was founded in August 2020 and is headquartered in Shenzhen. It is a semiconductor company specializing in cloud computing and data center data processor unit (DPU) chips and solutions. Founded by Dr. Qiyang Xiao, co-founder of the former RMI (later acquired by Broadcom), the company's core team comprises experts from global technology leaders including Broadcom, Intel, Arm, Huawei HiSilicon, and Alibaba. They possess world-class expertise in network chip design and cloud computing intelligent network interface card development. By 2025, the company will employ over 480 staff, with R&D personnel constituting 90% of the workforce. Over 75% hold master's degrees or higher, forming a research network centered in Shenzhen and extending to Shanghai, Beijing, Nanjing, Xi'an, and Chengdu.

Products & Services

JaguarMicro's flagship product isDPU chipWe have developed a comprehensive solution covering scenarios such as high-performance computing, cloud computing, and AI:

1. Yunxiao DPU Series::
   • Yunxiao S10China's first high-performance general-purpose programmable DPU SoC chip, delivering speeds up to 400Gbps and supporting the Global Scheduled Ethernet (GSE) standard. It achieves 4x higher performance efficiency than traditional solutions while reducing power consumption by over 50%.
   • Yunxiao DPU CardIntegrated with self-developed RISC-V microprocessor units and high-performance server CPU processing units, supporting bare-metal, virtual machine, and container scenarios to achieve comprehensive offloading of management, storage, networking, and security functions.
2. WindSpeed Smart Network Card ChipProvides 2x25G high-performance Ethernet interfaces, supporting mainstream networking and storage protocols (such as RoCE, NVMe over Fabrics, etc.), addressing critical pain points in virtual machine and bare-metal pooling.
3. Software Solutions：Provides a comprehensive software development platform supporting mainstream open-source components and standardized interfaces for data centers, enabling customers to seamlessly migrate to the CloudLeopard DPU architecture.

application scenarioThe product has been mass-produced in the core operations of leading cloud service providers and operators such as China Mobile and Tencent, supporting high-computing-power scenarios like cloud computing, AI training, and smart vehicles.

core technology

JaguarMicro's technological breakthroughs are reflected in its chip architecture and ecosystem compatibility:

1. Hierarchical Programmable Design: Integrated data processing units supporting the P4 language enable users to define custom data flow processing logic, accommodating diverse business requirements.
2. In-house RISC-V Microprocessor UnitReduce reliance on external IP addresses to enhance chip flexibility and security.
3. High-Performance Network and Storage Acceleration::
   • Data Plane Processing Engine: Supports flexible software and hardware programmability to enhance data processing efficiency.
   • RDMA Processing Engine: Supports RoCE and iWARP protocols to enable zero-copy data transfer and reduce latency.
   • Security Processing Engine: Integrates domestic cryptographic algorithms (SM2/SM3/SM4) and zero-trust security solutions to safeguard data and application security.
4. Global Scheduled Ethernet (GSE) standard supportThe “Intelligent Computing, Polished Light” DPU launched in 2024 is the world's first chip supporting the GSE standard, breaking the international monopoly on core AI networking technologies.

core competence

1. technological leadership::
   • The chip's performance reaches world-class standards, with its 400Gbps speed and low-power characteristics meeting the explosive demands of intelligent computing scenarios.
   • The only DPU company featured in the “China Manufacturing 14th Five-Year Plan Achievements Exhibition,‘ sharing the stage with national treasures like the Long March rockets and the C919 aircraft.
2. Commercialization capabilities::
   • The product has entered the supply chains of leading clients such as China Mobile and Tencent, validating its technological maturity and market recognition.
   • By reducing hardware and operational costs while enhancing data processing efficiency, we help clients achieve cost savings and increased productivity.
3. Team and Ecosystem Advantages::
   • The core team possesses over 20 years of experience in chip R&D and large-scale commercialization, with full-chain capabilities spanning from architecture design to mass production.
   • Secured investments from top-tier institutions including Tencent, Shenzhen Venture Capital, and SMIC PolySource, establishing a three-pronged development framework integrating technology, market presence, and capital.
4. Patent and Standard Development::
   • By 2025, the company had applied for 244 patents and registered 49 software copyrights, while leading or participating in the formulation of multiple industry standards.

development prospect

1. market opportunity::
   • The global DPU market is experiencing rapid growth, with China's market size projected to reach $3.74 billion by 2025, achieving a compound annual growth rate exceeding 50%.
   • The explosive growth of the digital economy and generative AI is driving computing power demands toward multimodal capabilities and “world models.” As a core component of computing infrastructure, demand for DPUs will continue to rise.
2. strategic layout::
   • Plans to establish a strategic investment division to participate in upstream and downstream investments within the industrial chain, expand business boundaries, and create synergies.
   • Expand into emerging scenarios such as smart vehicles and the Internet of Things, providing computational power support for AI creative tools (e.g., AI painting and writing).
3. Listing Expectations::
   • By November 2025, the company's valuation exceeded 14 billion yuan. It is poised to enter the capital market in 2026, becoming the “first domestic DPU stock” and setting a benchmark for the high-end chip industry.
4. Long-Term Vision::
   • Founder Xiao Qiyang proposed that “computing power dividends will replace demographic dividends.” JaguarMicro will continue to lead DPU technological innovation, driving the deep integration of computing power and networking to help China transition from “following” to “leading” in the global chip competition.